Crypto News

Tokyo-listed Metaplanet said on Tuesday that it would accumulate 10,000 bitcoin (BTC) by the end of 2025 and 21,000 bitcoin by the end of 2026 as part of a corporate treasury plan.The strategy is designed to establish Metaplanet as one of the world's largest corporate holders of bitcoin, the company said. It holds over $180 million worth of asset as of Wednesday, data shows.The so-termed "21 Million Plan” — a likely nod to bitcoin’s total supply — involves issuing 21 million shares via moving strike warrants to raise approximately 116.65 billion yen (or nearly $740 million at current exchange rates), marking one of the largest equity capital raises for bitcoin in Asia.This plan aims to protect shareholder value by setting...

Yearn Finance founder Andre Cronje said he left the crypto space due to intense scrutiny and inquiries from the U.S. Securities and Exchange Commission. New SEC Approach Prompts Cronje to Speak Out Andre Cronje, the founder of the decentralized finance (defi) platform Yearn Finance (YFI), said inquiries from the U.S. Securities and Exchange Commission (SEC)Source link

Czech National Bank Governor Ales Michl said in an interview with Financial Times (FT) that he will present a bitcoin investment plan to the board on Thursday, which, if approved, could see the apex bank diversify 5% of its $146.13 billion reserves into the leading cryptocurrency by market value."For the diversification of our assets, bitcoin seems good," Michl said, according to an interview published by the FT and quoted by Reuters. Michl pointed to broader investor interest in the cryptocurrency since BlackRock and others debuted spot ETFs a year ago.The central bank did not immediately respond to CoinDesk's request for comment.Source link

Coinbase has secured approval to operate in Argentina, aiming to tackle economic instability with crypto tools as 5 million Argentinians already rely on digital assets daily. Coinbase Secures Argentina Approval, Setting the Stage for Crypto’s Future Crypto exchange Coinbase (Nasdaq: COIN) announced on Jan. 28 that it has received regulatory approval to operate in Argentina,Source link

The first Federal Reserve (Fed) meeting of 2025 will conclude on Wednesday, with the rate decision scheduled for release at 19:00 UTC. It will be followed by Chairman Jerome Powell's press conference at 19:30 UTC.The Fed's ongoing target range for interest rates is 4.25% to 4.5%, which has declined by 100 basis points since September. The December meeting saw a 25 basis point rate cut, but the accompanying press conference and forecasts signaled slower rate cuts for 2025, sending risk assets, including bitcoin (BTC), lower.However, Wednesday's meeting is largely being seen as a non-event for markets, including cryptocurrencies, as policymakers are expected to hold rates steady while maintaining the hawkish forward guidance from December."We doubt this week's FOMC meeting will...